China warns U.S. again on Trump’s threat to add new tariffs

China warns U.S. again on Trump’s threat to add new tariffs

China warned the United States that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing tariffs on Chinese goods, as the latest round of negotiations ended on Sunday in Beijing.

"If the United States introduces trade sanctions including tariffs, all the economic and trade achievements negotiated by the two parties will be void".

"To implement the consensus reached in Washington, the two sides have had good communication in various areas such as agriculture and energy, and have made positive and concrete progress while relevant details are yet to be confirmed by both sides", the statement said.

The warning came following a meeting between US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He in Beijing.

The tone of the statement suggested that China's concessions at last month's talks in Washington were not enough for the Trump administration, says BBC Asia Business correspondent Karishma Vaswani.

The statement was made in the light of the yet another round of US-Chinese trade talks, which began on Saturday and continued through Sunday.

Mr Trump has threatened to raise tariffs on a total of up to $US150 billion ($198 billion) of Chinese goods.

"Chinese officials know these talks are precarious, but may underestimate the domestic political cost Trump now sees in lifting the ZTE ban without major concessions from China", said Andrew Gilholm, the director of China analysis at Control Risks, a political and security consulting firm.

The American Embassy in Beijing didn't immediately respond to a request for comment.

China has threatened to retaliate by raising import duties on a $US50 billion ($66 billion) list of American goods including soybeans, small aircraft, whiskey, electric vehicles and orange juice. It said the White House also will impose curbs on Chinese investment and purchases of U.S. high-tech goods and on visas for Chinese students.

Following Beijing's announcement, US Treasury Secretary Steven Mnuchin said the dispute was "on hold".

"The Chinese side has realised that the USA has just delayed its trade actions rather than giving them up - but Beijing didn't expect a change of attitude so quickly".

"Our meetings so far have been friendly and frank, and covered some useful topics about specific export items", Ross told the media after dining with Liu on Saturday evening.

The visit from the large U.S. delegation, with members from several executive branch agencies, came as fears of an all-out global trade war intensified after the European Union, Canada and Mexico drew up retaliatory measures to Washington's stinging steel and aluminium tariffs that went into effect on Friday.

"But I also fundamentally believe that if there are structural changes that allow our companies to compete fairly, by definition, that will deal with the trade deficit alone".

That might alienate allies who share complaints about Chinese technology policy and a flood of low-cost steel, aluminium and other exports they say are the result of improper subsidies and hurt foreign competitors.

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